TAMAN BAKAP INDAH in Seberang Perai Selatan, Penang recorded 13 subsale transactions in 2023, with a median price of RM 400K and a median price per square foot (PSF) of RM 285.
This area contains both residential and commercial properties. View 50 residential properties or 7 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 400K, with most transactions falling within a stable range of RM 184K to RM 616K, and a typical market range of RM 256K to RM 544K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 285, though individual units vary from RM 190 to RM 380 in the core range. The broader market spans RM 191.00 to RM 379.00, indicating diverse property characteristics. A wider spread (IQR: RM 188.00) and deviation (MAD: RM 95) indicate significant PSF variations, likely due to diverse property types or conditions.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
